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Mortgage Rates Hit All-Time Low (Well, At Least The Lowest Since 1971)

On the left side-bar of HomeSection.com, you’ve probably seen the little “Mortgage Market Survey” graphic. It automatically updates every Thursday, when Freddie Mac updates its mortgage rate survey.

Well, this week’s report, released late yesterday, shows that interest rates over the past week dropped to 4.71% (with 0.7 points). That represents the lowest it’s ever been, since Freddie started compiling its list all the way back in 1971.

Freddie mac 12-3

More details on what Freddie had to say: Click Here.

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